Traders in South Africa have access to some of the best prop trading firms in the world. Top prop trading firms offer their services to traders from over 100 countries around the world, ensuring comprehensive global coverage.
Some of the best prop trading firms in South Africa offer competitive fees, high funding ceilings, and plenty of additional features, such as educational content, training courses, and leaderboards.
Among the most successful prop trading firms in South Africa are:
MetaTrader 4 is typically the primary choice when it comes to the trading platform offered by top prop traders in South Africa, where traders can buy and sell stocks, crypto, forex, commodities, and CFDs.
The aforementioned prop trading firms are among the top-rated prop firms according to experts, as well as active clients.
Each of these prop firms hold a minimal FirmFunded score of 3 out of 5.
Top 3 Prop Trading Firms In South Africa
While South African traders have access to some of the best prop trading firms, a few truly stand out in terms of security , variety of assets, and favorable trading terms and conditions.
Three of the best-rated prop firms in South Africa, and around the world, are: FTMO, Funded Trading Plus, and Blue Guardian, according to the aggregate FirmFunded scores.
Funded Trading Plus – top-rated UK prop firm in South Africa
Funded Trading Plus is a highly rated prop trading firm registered in the United Kingdom, which also offers its services to clients in South Africa, as well as to other countries around the world.
The firm’s profit-sharing agreement gives traders the opportunity to keep up to 80% of the generated profits.
Using MetaTrader 4, traders can buy and sell a wide range of assets, such as forex, crypto, and commodities.
Funded Trading Plus is among the best prop trading firms when it comes to affordable fees and customer support, with the cheapest account charging $119 once traders complete the 2-phase evaluation challenge.
Overall, Funded Trading Plus gets a FirmFunded rating of 4.05 out of 5.
Sign up with Funded Trading Plus now
FTMO – Safest prop trading option for South African traders
FTMO is widely regarded as one of the best proprietary trading firms in the world thanks to its convenient scaling plan, high maximum funding limit, and unparalleled safety features, which sets it apart from the competition.
Some of the key features and offerings of the Czech Republic-based prop firm includes:
- Access to MetaTrader 4 and 5 as the primary trading platforms
- Ability to trade forex, stocks, indices, commodities, and crypto
- Affordable fees and a maximum funding limit of $2 million through the firm’s scaling plan
- Fast withdrawals and the ability to hold accounts in different currencies
- Fast and responsive customer support with live chat, hotline, and email support capabilities
- Educational content, such as webinars and articles, as well as a blog for beginners
Traders at FTMO get to keep 90% of their generated profits and can easily scale up from the initial $10,000 account. The trading terms are also quite client-friendly, with a 5% daily loss limit and a 10% profit target.
Overall, FTMO is easily one of the best prop trading firms present on the South African market and holds a FirmFunded rating of 4.03 out of 5.
Blue Guardian – well-rounded prop trading firm in South Africa
Blue Guardian, another UK-based prop trading firm that offers its services to South African traders, has a balanced lineup of offerings. Traders can access the forex, crypto, and commodities markets and use MetaTrader 4 as the primary trading platform.
Blue Guardian has a profit-sharing agreement that gives traders the ability to keep 85% of their profits when trading with the firm.
As for its terms, Blue Guardian’s profit target varies between Phases 1 and 2, with 4% for Phase 1 and 8% for Phase 2.
The minimum entry fee for the $10,000 account is as little as $87, and traders have the option to scale up to as much as $2 million with Blue Guardian.
Overall, Blue Guardian gets a FirmFunded rating of 3.95 out of 5.
Sign up with Blue Guardian now
Top Prop Trading Firms With ZAR Accounts
A majority of the top prop trading firms around the world primarily offer their accounts with USD or EUR as the base currency .
Although none of the prop firms on our list offer ZAR accounts, they do support major currencies for trading as forex products, as well as primary account currencies to deposit and withdraw funds to and from their accounts.
| FTMO | Fidelcrest | SurgeTrader | The 5ers | Funded Trading Plus | Blue Guardian | |
|---|---|---|---|---|---|---|
| USD | ||||||
| ZAR | ||||||
| GBP | ||||||
| EUR | ||||||
| CAD |
All Prop Trading Firms Available To South African Traders
The South African prop trading industry is home to a wide variety of prop firms that offer forex, stocks, commodities, and crypto trading.
Below we can view some of the top-rated proprietary trading firms available to South African traders, highlighting their terms and offerings, including FirmFunded scores:
- Funded Trading Plus – 4.05/5 FirmFunded score. Profit share up to 80%. Maximum Funding up to $2.5 million through scaling. Minimum audition fee starts at $119 ($5,000 account). Forex, commodities, and crypto trading available
- FTMO – 4.03/5 FirmFunded score. 90% profit share. Maximum funding of $2 million available through scaling. Minimum audition fee of $164 ($10,000 account). Forex, indices, commodities, stocks, and crypto trading available
- FTUK – 3.64/5 FirmFunded score. 80% profit share. Maximum $5 million in funding through scaling. Minimum evaluation fee starts at $149 ($14,000 account). Forex, indices, commodities, and crypto trading available
- SurgeTrader – 3.48/5 FirmFunded score. 90% profit share. Maximum possible funding of $1 million. Minimum audition fee starts at $200 ($25,000 account). Forex, indices, commodities, and crypto trading available
- Fidelcrest – 3.5/5 FirmFunded score. Profit share up to 90%. Maximum possible funding of $2 million. Minimum audition fee starts at EUR 99 ($15,000 account). Forex, indices, commodities and stocks available
- The 5ers – 3.58/5 FirmFunded score. Up to 90% profit share. Maximum $4 million in funding through scaling. Minimum evaluation fee of $39 ($5,000 account). Forex, stocks, and commodities trading available
- Bulenox – 3.52/5 FirmFunded score. 90% profit share. Maximum funding of $150,000 available. Minimum audition fee starts at $125 ($10,000 account). Forex, commodities, indices, and crypto trading available
- Finotive Funding – 3.35/5 FirmFunded score. Up to 95% profit share. Maximum possible funding of $3.2 million. Minimum audition fee starts at $50 ($2,500 account). Forex, indices, crypto, and commodities trading available
South African traders have access to many other prop trading firms from around the world. The firms on this list are characterized by substantial market presence and offerings that distinguish them from the rest of the market.
Head-to-Head Comparison Of Prop Trading Firms In South Africa
In the table below we can see the head-to-head comparison of some of the top-rated prop trading firms in South Africa and the rest of the world to see how each of them stacks up against its competitors in funding, fees, instruments, and trading terms.
| Prop Firm | FTMO | Blue Guardian | SurgeTrader | Funded Trading Plus | Fidelcrest | The 5ers |
|---|---|---|---|---|---|---|
| Year founded | 2015 | 2017 | 2021 | 2013 | 2018 | 2016 |
| Minimum audition fee | USD 164 | USD 87 | USD 200 | USD 119 | EUR 99 | USD 39 |
| Instruments | Forex, Indices, Commodities, Stocks, Crypto | Forex, Crypto, Indices, Commodities | Forex, Crypto, Commodities, Indices | Forex, Commodities, Crypto | Forex, Indices, Commodities, Stocks | Forex, Stocks, Indices, Commodities |
| Minimum funded amount | $10,000 | $10,000 | $25,000 | $5,000 | $15,000 | $5,000 |
| Scaling | Yes | Yes | Yes | Yes | Yes | Yes |
| Maximum funded amount | $200,000 ($2 million via scaling) | $200,000 ($2 million via scaling) | $1 million | $250,000 ($2.5 million via scaling) | $1 million ($2 million via scaling) | Up to $4 million via scaling |
| Allowed daily loss | 5% | 4% | 5% | 3-4% | 5-10% | 5% |
| Profit target | 10% | 4-8% (1st and 2nd Phases) | 5-10%
(1-Phase and 2-Phase) |
10% | 5-20% (Pro and Micro Accs) | 5-10% |
| Max trailing drawdown | 10% | 8% | 8% | 5-8% | 20% | 10% |
| Profit share | 90% | 85% | 90% | 70-80% | 80-90% | 75-90% |
| MetaTrader Available | Yes | Yes | Yes | Yes | Yes | Yes |
| Safety | 5/5 | 3/5 | 3/5 | 3/5 | 3/5 | 1.5/5 |
| Education | 5/5 | 2/5 | 2.8/5 | 2/5 | 2.8/5 | 5/5 |
| Customer Support | 3.6/5 | 4/5 | 3.6/5 | 5/5 | 3.6/5 | 3.6/5 |
| Rules and Limitations | 4.8/5 | 5/5 | 2.9/5 | 4/5 | 3.2/5 | 3/5 |
| Fees | 2.5/5 | 4/5 | 2.5/5 | 5/5 | 4/5 | 4/5 |
| Overall | 4.03/5 | 3.95/5 | 3.48/5 | 4.05/5 | 3.5/5 | 3.58/5 |
| Action | Register | Register | Register | Register | Register | Register |
South Africa Prop Firms And Their Supported Languages
The primary interface and customer support language at the top prop trading firms in South Africa is English and regional languages are rarely supported, as most prop trading firms are not based in South Africa themselves.
For example, Afrikaans is not supported by any of the proprietary trading firms in the country.
| English | Afrikaans | Dutch | |
|---|---|---|---|
| Fidelcrest | |||
| Blue Guardian | |||
| SurgeTrader | |||
| Funded Trading Plus | |||
| FTMO | |||
| The 5ers |
Does The FSCA Oversee Prop Trading Companies In South Africa?
The Financial Sector Conduct Authority, or FSCA, is the primary regulatory body overseeing the securities markets of South Africa, which includes prop trading as well.
However, prop trading is not subject to much regulation other than KYC and AML procedures and risk management protocols.
This allows international prop trading firms to offer their services in South Africa with very little barriers to entry.
While discussions regarding regulations targeting prop trading have gained traction over the years, very little concrete steps have been taken to add regulatory layers to the South African proprietary trading market.
FAQ On The Best Prop Trading Firms In South Africa
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